Report: IBM To Cut 10,000 Jobs
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
Gap Cancels Plan to Spin Off Old Navy
“The work we’ve done to prepare for the spin shone a bright light on operational inefficiencies and areas for improvement.”
Verint Systems to Spin off Cyber Intelligence Unit
Separating the intelligence and customer engagement businesses "at this stage of their evolution will allow each to unlock its full potential."
Gap Beats Estimates But Comp Sales Dip 4%
“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.
Gap Shares Dive on Old Navy Spinoff Doubts
The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."
After 21 Years and a Spinoff, Profitability Finally Arrives
Ironwood Pharmaceuticals is in the black for the first time thanks to its complex spinoff of pre-commercial drug development programs.
Gap to Spin off Old Navy, Keep Specialty Brands
"It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time."
The Link Between Divestitures and Share-Price Malaise
An extensive study counterintuitively reveals that a majority of divestitures are accompanied by lagging stock performance for the divesting firm.
Nuance to Spin off Automotive Software Unit
The speech-recognition specialist is focusing on its “core growth opportunities” in the healthcare and enterprise segments.
HPE Names Ex-Sprint Exec Robbiati as CFO
Tarek Robbiati — " a visionary leader and a pragmatic business operator" — replaces Tim Stonesifer at the HP spinoff company.